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Fair value measurement (Tables)

6 Months Ended

Jun. 28, 2025

Fair Value Disclosures [Abstract]

Schedule of Carrying Amount and Fair Value of Debt

The carrying amount and fair value of our debt are set out below:

			As of June 28, 2025												As of December 28, 2024
(dollars in millions)			Carrying  amount						Fair value						Carrying  amount						Fair value
Current			$	39.8					$	39.6					$	39.1					$	38.7
Non-current			2,304.9						2,339.1						2,311.5						2,314.3
			$	2,344.7					$	2,378.7					$	2,350.6					$	2,353.0

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table categorizes the assets and liabilities that are measured at fair value on a recurring basis:

(dollars in millions)			Quoted prices in active markets (Level 1)						Significant observable inputs (Level 2)						Total
As of June 28, 2025
Derivative assets			$	—					$	22.1					$	22.1
Derivative liabilities			$	—					$	(202.5)					$	(202.5)
Cash equivalents			$	—					$	25.3					$	25.3
As of December 28, 2024
Derivative assets			$	—					$	33.3					$	33.3
Derivative liabilities			$	—					$	(43.9)					$	(43.9)
Cash equivalents			$	41.5					$	30.8					$	72.3

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-13

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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